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June 5, 2021. Nayib Boucle, President of El Salvador, attended the Bitcoin conference:
Great ideas are beautiful and have great power. But like most beautiful things, some are more fragile than others. When I was a child, we thought about the future and rejoiced in its possibilities. We couldn’t wait to see it happen and be a part of its creation.
Our ingenuity is what sets us apart from other species. In El Salvador, we are trying to rescue this idea and begin designing our country for the future using the best materials that make us who we are, using our sensibilities to find the best examples of ideas from history and around the world. Masu. I believe Bitcoin could be one of those ideas. This is why next week I will send a bill to Congress that would make Bitcoin legal tender in El Salvador.
December 16, 2024: El Salvador: Bitcoin Developed Country, Max Kaiser and Stacey Herbert
December 18, 2024: IMF reaches staff-level agreement to extend Fund Facility Agreement with El Salvador.
– IMF staff and the Salvadoran authorities have reached a staff-level agreement on a new arrangement of approximately $1.4 billion under the Fund’s Extended Fund Facility (EFF) to support the government’s reform agenda. The agreement is subject to approval by the IMF’s Executive Board.
– The program aims to strengthen fiscal and external sustainability through the implementation of an ambitious, growth-oriented fiscal consolidation plan and activities to strengthen reserve buffers.
– Early efforts to improve governance, transparency and resilience are essential to boost confidence and the country’s growth potential against the backdrop of strong security improvements.
– Meanwhile, Bitcoin-related risks are being reduced. Acceptance of Bitcoin by the private sector is voluntary, and public sector participation in Bitcoin-related activities will be limited.
Read more:
— El Salvador’s “Absurd” Bond Trading (FTAV)
— El Salvador has not defaulted on its debts. Don’t Thank Bitcoin (FTAV)
— Elle Bagholder Strikes Again (FTAV)
